Section 54F relief allowed when capital gains were invested in a house despite no CGAS deposit

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....Deduction under section 54F was held allowable despite non-deposit of the unutilized capital gains in the Capital Gains Account Scheme before the return due date, because the assessee had actually invested the amount in purchase or construction of a residential house within the time permitted under section 54F(1). The Tribunal held that section 54F(4) applies where the assessee seeks to retain the unutilized amount while claiming exemption; it does not by itself defeat relief when the investment condition is otherwise satisfied. The disallowance was reversed and the Assessing Officer was directed to allow the deduction.....